Citigold Takeover Bid for Gateway Mining Limited (Zawya)

Brisbane, Australia, 3 July 2009 – Citigold Citigold Limited (” Citigold Citigold “) (ASX:CTO) (Nasdaq Dubai:CTO) (FSE:CHP) is pleased to announce an off-market takeover offer for all of the shares in Gateway Mining Limited (“Gateway”) (ASX:GML). Under the terms of the offer, Citigold Citigold is offering Gateway shareholders two (2) Citigold Citigold shares for each five (5) Gateway shares held.

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